HomeNewsIOTA's Evolution: Abu Dhabi Foundation Launch and Trade Finance Collaborations with Trademark...

IOTA’s Evolution: Abu Dhabi Foundation Launch and Trade Finance Collaborations with Trademark Africa & WEF

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  • Trade Logistics Information Pipeline (TLIPS) initiative aims to streamline global trade, co-created with Trademark Africa and WEF.
  • TLIPS focuses on reducing trade inefficiencies in Africa and Abu Dhabi, indicating IOTA’s growing role in global trade solutions.

IOTA has recently formed partnerships that have significantly strengthened its role in the trade finance sector. In late 2023, the collaboration between IOTA and Abu Dhabi Global Market (ADGM) led to the establishment of the IOTA Foundation in Abu Dhabi. This move is part of IOTA’s broader strategy to improve trade finance and logistics through the application of digital ledger technology (DLT).

The creation of the Trade Logistics Information Pipeline (TLIPS) was another critical development, announced at the World Trade Organization’s (WTO) 13th Ministerial Conference.

This initiative, a collaborative effort with Trademark Africa and the World Economic Forum (WEF), aims to address inefficiencies in global trade. Despite Trademark Africa’s lower profile, its significant role in promoting international trade, backed by G20 nations and the Bill & Melinda Gates Foundation, is pivotal.

Related: IOTA Stealth Revolution: Unveiling Substantial Advancements in Government and RWA

TLIPS focuses on streamlining trade processes, particularly aiming to enhance efficiency in Africa and Abu Dhabi. This aligns closely with IOTA’s recent collaborative efforts and signals its emerging role as a trusted solution for trade facilitation by governments.

IOTA’s contribution to the European Blockchain Services Infrastructure (EBSI) Pre-Commercial Procurement (PCP) program, testing digital IDs and data provenance solutions within the EU, underscores its utility in digitalizing trade processes.

Read more: DLT Innovation in Real Estate: The Case for IOTA’s Role in Development

Moreover, the IOTA network’s expanding activities, including NFTs and a rise in active addresses, reflect a growing interest in its capabilities beyond trade finance, potentially reshaping market dynamics in the digital asset ecosystem.

Trademark Africa’s collaboration with the IOTA Foundation and other stakeholders in TLIPS aims to revolutionize international trade by leveraging DLT. This initiative seeks to reduce transaction costs and improve the efficiency of cross-border trade, highlighting TMA’s vital role in promoting innovative, efficient trade solutions.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628